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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (81476)	6/7/2000 2:04:00 AM
From: Spekulatius	Read Replies (1) of 132070

Conseco is leveraged to the hilt. 45B$ total on the balance sheet but only 5B$ in shareholder equity. This looks much like REL - they have been bought up also. Highly leveraged insurance companies are not a good takeover play. The buyer has to take into account the huge risk of cooked books and the liabilities and if a takeover happens, the shareholder will in most cases not get anything. Mike, do you have a weakness for debt ridden companies? Conseco and Federal Mogul are cheap for a good reason, IMHO

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